Thanks for the clarification on MathWorks' policy, wsheldon; that's really helpful to know.
So, given your stated needs, if Adobe were to come to you and ask how they could improve their policy to make you feel good about their subscription service--while still allowing them to make a reasonable profit from their labors--what would be your answer? There are obviously a number of ways to skin this cat, but I think the photo-hobbiest market has a legitimate beef with their current policy and if we can communicate that to Adobe they may be willing to listen.
Honestly, I think a hybrid approach would be ideal. Offer a CC subscription option with a higher start-up fee that gives you the right to keep using your latest version if you stop subscribing, but still offer the lower priced pay-as-you-go option with no start-up for the people that makes sense for. Basically an option for a perpetual license but within the existing CC infrastructure.
Offering hold-outs like me who are clinging to our full versions of CS6 and LR5 a discount for that perpetual license option would be even better (and smooth our ruffled feathers).
That sounds a whole lot like my exit-fee strategy, only mine would put the cost of a perpetual license on the tail-end instead of the front-end. This would lower the entry barrier and raise the exit barrier, something I think Adobe would be happier with.
So, if Adobe offered you a contract where the price of exit/perpetual license couldn't go up after you agree to subscribe, and your sole cost of entry is paying $9.99 to subscribe to the latest versions of both Ps and Lr with all the updates, technical support and behance thrown in, would you do it? Mind you, if they decided to jack the rate at some point, say to $14.99/month, you could always exercise your exit strategy, pay the agreed upon exit fee for your fixed-version, perpetual copy, and go on your way.
I'm just trying to get to the bottom of this argument, if that's possible. Like I said previously, I think the non-fulltime photographers have a legitimate concern; I'd just like to see if there's a formula that both those folks and Adobe can live with.